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Economic Effects of Runs on Early 'Shadow Banks' : Trust Companies and the Impact of the Panic of 1907

Frydman, Carola - 2012

We use the unique circumstances that led to the Panic of 1907 to analyze its impact on economic activity. The panic was fuelled by runs on the 'shadow banks' of the time, New York's trust companies. But the shock that triggered the runs was unrelated to the nonfinancial corporations affiliated...

Persistent link: https://www.econbiz.de/10012460396

Does management matter? : evidence from India

Bloom, Nicholas Dagen (contributor) - 2011

"A long-standing question in social science is to what extent differences in management cause differences in firm … performance. To investigate this we ran a management field experiment on large Indian textile firms. We provided free consulting … on modern management practices to a randomly chosen set of treatment plants and compared their performance to the control …

Persistent link: https://www.econbiz.de/10011394862

Constraints on Large-Block Shareholders

Holderness, Clifford G. - 1998

that the law constrains managerial majority shareholders, both in their day-to-day management and when they redeem the …

Persistent link: https://www.econbiz.de/10012472048

Management Ownership and Corporate Performance : An Empirical Analysis

Morck, Randall - 1986

We investigate the relation between management ownership and corporate performance, as measured by Tobin's Q. In a …

Persistent link: https://www.econbiz.de/10012477014

The Impacts of Managerial Autonomy on Firm Outcomes

Kala, Namrata - 2019

The allocation of decision rights within organizations influences resource allocation, expansion decisions, and ultimately outcomes. Using a newly constructed dataset, I estimate the effects of an earned autonomy program for State Owned Enterprises (SOEs) in India. The program gave managers (the...

Persistent link: https://www.econbiz.de/10012480249

Do Well Managed Firms Make Better Forecasts?

Bloom, Nicholas; Kawakubo, Takafumi; Meng, Charlotte; … - National Bureau of Economic Research - 2021

We link a new UK management survey covering 8,000 firms to panel data on productivity in manufacturing and services …. There is a large variation in management practices, which are highly correlated with productivity, profitability and size …

Persistent link: https://www.econbiz.de/10012794618

The State of Corporate Governance Research

Bebchuk, Lucian A. - 2009

This paper, which introduces the special issue on corporate governance co-sponsored by the Review of Financial Studies and the National Bureau of Economic Research (NBER), reviews and comments on the state of corporate governance research. The special issue features seven papers on corporate...

Persistent link: https://www.econbiz.de/10012463112

A Theory of Firm Scope

Hart, Oliver - 2008

The existing literature on firms, based on incomplete contracts and property rights, emphasizes that the ownership of assets - and thereby firm boundaries - is determined in such a way as to encourage relationship-specific investments by the appropriate parties. It is generally accepted that...

Persistent link: https://www.econbiz.de/10012464034

Foreign Know-How, Firm Control, and the Income of Developing Countries

Burstein, Ariel - 2007

Managerial know-how shapes the productivity of firms by defining the set of available technologies, production choices, and market opportunities. This know-how can be reallocated across countries as managers acquire control of factors of production abroad. In this paper, we construct a...

Persistent link: https://www.econbiz.de/10012465581

Why Plant-Level Productivity Studies are Often Misleading, and an Alternative Approach to Interference

Katayama, Haijime - 2003

Applied economists often wish to measure the effects of managerial decisions or policy changes on plant-level productivity patterns. But plant-level data on physical quantities of output, capital, and intermediate inputs are usually unavailable. Therefore, when constructing productivity...

Persistent link: https://www.econbiz.de/10012469081